Market Updates

Sept. 15, 2021

Home Appreciation is Skyrocketing in 2021. What about 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Here are the latest percentages showing the year-over-year increase in ...

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Aug. 3, 2021

August 3, 2021 Real Estate Market Update - Lack of Sellers

Lack of Sellers

 

Even though home values are appreciating to record levels, fewer homeowners are choosing to sell.

 

During the Great Recession, homeowners across the nation watched the housing market take a brutal pounding as their equity vanished in a blink. Many lost their homes to foreclosures or short sales. Everybody ...

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May 11, 2021

May Real Estate Update - Raising Rates is the Answer

The Question: What is going to slow down this crazy seller's market?

Ask any buyer what it is like attempting to purchase a home in today’s housing market and the responses will be same. It is frustrating, overwhelming, exhausting, and disheartening. We know that inventory is a huge issue right ...

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Posted in Market Updates
April 9, 2021

Real Estate Update - Waiting will be Costly

 

Housing will become more unaffordable as homes continue to rapidly appreciate and mortgage rates rise.

 

 

Ask any buyer what it is like attempting to purchase a home in today’s housing market and the responses will be same. It is frustrating, overwhelming, exhausting, and disheartening. 

 

While it ...

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Posted in Market Updates
March 4, 2021

Property Values Rising with No Top In Sight

Values Rising

The market velocity is extremely fast, and it is a Hot Seller’s Market where values are rising swiftly and multiple offers is the norm.

At the beginning of the COVID-19 pandemic, everybody rushed to their local supermarket to purchase toilet paper. Similar to toilet paper at the beginning ...

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Posted in Market Updates
Jan. 29, 2021

January Real Estate Report - Are We at a Boiling Point?

 

With record-low mortgage rates, there is almost too much demand. (Not to mention: Buyers are consumed with how their current home doesn't have space or features they want in a pandemic reality.) It is like a pot of spaghetti that is boiling over. A quick fix would be ...
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Posted in Market Updates
Jan. 15, 2021

What You Need to Know About Prop 19

 

With the new year comes new laws and rules that take effect. This year, the most talked-about new rules regarding real estate revolve around the approved Prop 19.
 
Take a quick read to see if you or your family members might be affected by the legal and tax ...
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Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates